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How You May Avoid a Tax Audit

Last week’s video dealt with some of the things that may trigger a tax audit of your return.  Of course, there’s no hard-and-fast rule about why anyone’s return might be looked at more carefully by the IRS than others, but we do know that certain actions, or incorrect accounting, can lead to an eventual audit.

It’s always best to avoid those situations.  In this week’s edition of Lucia Capital Group Weekly, “Professor” Rick Plum, CFP®, gives you some tips on how to keep the IRS out of your hair in the first place.

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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